Mergers & Acquisitions has chosen 10 deals as its 2023 Middle-Market Deals of the Year. From complex corporate carve-outs to founder exits, these transactions set the gold standard for middle market dealmaking. Here are this year’s winners, listed in alphabetical order:
When the U.S. government asked Firefly Aerospace‘s largest shareholder, Noosphere Ventures, to divest its stake for national security reasons, AE Industrial Partners acquired a controlling majority stake.
Alpine Investors’ acquisition of Medusind adds to the private equity firm’s growing portfolio of medical and dental healthcare and software companies.
AZZ Inc.’s purchase of the Precoat Metals division of Sequa Corporation was the publicly-traded company’s largest acquisition to date. The deal was valued at approximately $1.28 billion.
Brand Velocity Group’s acquisition of Score Sports highlights the trend of private equity investment in sports adjacent categories.
Choice Hotels International’s acquisition of Radisson Hotel Group Americas from Radisson Hotel Group expands its reach into more upscale markets in the United States, Canada, Latin America and the Caribbean.
Francisco Partners’ investment in cybersecurity company Drawbridge took place only 15 months after Long Ridge Equity Partners initially invested in the company in 2021. Founded in 2018, Drawbridge’s strong performance, robust growth and persistent interest from potential buyers prompted the early exploration for a deal.
H.I.G. Capital’s acquisition of Avient Corporation’s chemical distribution business marked the eighth corporate carve-out in the chemicals sector completed by the private equity firm since 2008.
Jacobs’ acquisition of Streetlight Data from Macquarie Capital and Activate Capital resulted in the convergence of a traditional professional services business with a disruptive, data analytics technology company.
When publicly-traded Lincoln Electric Holdings acquired Fori Automation, it was one of a few industrial automation companies that was still privately owned and of significant size and scope. The $427 million deal was Lincoln Electric’s largest acquisition to date.
On Day One of One Equity Partners’ acquisition of Boral Resources and Green Cement, the two companies were combined to create Eco Material Technologies.
The following charts detail the winning transactions for Mergers & Acquisitions’ 16th Annual M&A Mid-Market Deals of the Year. In addition to the buyer, seller and target, we recognize the companies that participated in each deal – including investment banks, law firms and lenders. We have also named 16 honorable mentions, which are listed below the winners table.
Congratulations to all firms.